Kentucky 2025 Regular Session Status: Enacted

SB 104 — AN ACT relating to the Kentucky Public Employees' Deferred Compensation Authority.

Last action — signed by Governor (Acts Ch. 141)

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced February 05, 2025. Enacted.

Signed by Governor Andy Beshear (Democratic) on April 01, 2025.

Prognosis

Likely to advance 68% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • Cleared a recorded vote

    Passed 2 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

Amend KRS 18A.230 to define "self-directed brokerage account" (SDBA); amend KRS 18A.235 to authorize the board of trustees of the Kentucky Public Employees Deferred Compensation Authority (KY Deferred Comp) to purchase fiduciary liability insurance and reimburse its trustees, officers, and employees for legal expenses relating to performance of their duties; amend KRS 18A.245 to authorize KY Deferred Comp to offer SDBAs to its participants, contract with SDBA vendors, and promulgate administrative regulations relating to SDBAs for its participants, require the plans offered by KY Deferred Comp to conform to federal laws and regulations, authorize KY Deferred Comp to promulgate administrative regulations, and make technical changes; amend KRS 18A.255 to direct that KY Deferred Comp and its board of trustees are not liable for a participant's investment in a SDBA, establish the fiduciary duties of the board of trustees, and exempt the trustees from legal action for monetary damages unless the person bringing the action proves by clear and convincing evidence that a trustee's breach or failure to perform the trustee's fiduciary duty is a willful, wanton, or reckless act; amend KRS 18A.260 to require assets held by KY Deferred Comp to be invested consistent with its statutory authority and limit investments in a SDBA to securities registered with the United States Securities and Exchange Commission.

Bill Text

We don't have the full text on file for this bill yet.

Read SB 104 on the official Kentucky source →

Action History

  1. signed by Governor (Acts Ch. 141)

  2. delivered to Governor

  3. enrolled, signed by Speaker of the House

  4. enrolled, signed by President of the Senate

  5. received in Senate

  6. 3rd reading, passed 98-0

  7. placed in the Orders of the Day

  8. taken from Rules

  9. reported favorably, 2nd reading, to Rules

  10. to State Government (H)

  11. returned to Committee on Committees (H)

  12. 1st reading

  13. taken from Committee on Committees (H)

  14. to Committee on Committees (H)

  15. received in House

  16. 3rd reading, passed 36-0

  17. posted for passage in the Regular Orders of the Day for Friday, February 21, 2025

  18. 2nd reading, to Rules

  19. reported favorably, 1st reading, to Calendar

  20. to State & Local Government (S)

  21. to Committee on Committees (S)

  22. introduced in Senate

Sponsorship breakdown

Export CSV (upgrade) →

0 sponsors · 0 co-sponsors · 138 not signed on

Sponsors (0)

None.

Co-sponsors (0)

None.

Not signed on (138)

138 members have not signed on to this bill.

Show all 138 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Final Passage

Passed 98 Yea · 0 Nay · 2 Other
Party YeaNayPresentNot Voting
Democrat 20000
Republican 72002
Unaffiliated 6000
Total 98002
% of votes cast 98%0%0%2%
How each member voted (100)
Member Party Vote
Stevenson P — Yea
Huff T — Yea
Bratcher S. — Yea
Lewis — Yea
Lewis D — Yea
Lewis S — Yea
Adam Moore Democrat Yea
Adrielle Camuel Democrat Yea
Al Gentry Democrat Yea
Anne Gay Donworth Democrat Yea
Ashley Tackett Laferty Democrat Yea
Beverly Chester-Burton Democrat Yea
Chad Aull Democrat Yea
Daniel Grossberg Democrat Yea
Erika Hancock Democrat Yea
George Brown Jr. Democrat Yea
Joshua Watkins Democrat Yea
Lindsey Burke Democrat Yea
Lisa Willner Democrat Yea
Mary Lou Marzian Democrat Yea
Matthew Lehman Democrat Yea
Nima Kulkarni Democrat Yea
Rachel Roarx Democrat Yea
Reginald L. Thomas Democrat Yea
Sarah Stalker Democrat Yea
Tina Bojanowski Democrat Yea
Aaron Thompson Republican Yea
Adam Bowling Republican Yea
Amy Neighbors Republican Yea
Bill Wesley Republican Yea
Bobby McCool Republican Yea
Brandon Smith Republican Yea
Candy Massaroni Republican Yea
Chris Freeland Republican Yea
Chris Fugate Republican Yea
DJ Johnson Republican Yea
Daniel Elliott Republican Yea
Daniel Fister Republican Yea
David Hale Republican Yea
David Meade Republican Yea
David W. Osborne Republican Yea
Deanna Gordon Republican Yea
Emily Callaway Republican Yea
Felicia Rabourn Republican Yea
Gex Williams Republican Yea
J.T. Payne Republican Yea
James Tipton Republican Yea
Jared Bauman Republican Yea
Jason Petrie Republican Yea
Jennifer Decker Republican Yea
Jim Gooch Jr. Republican Yea
John Blanton Republican Yea
John Hodgson Republican Yea
Josh Branscum Republican Yea
Josh Bray Republican Yea
Josh Calloway Republican Yea
Ken Fleming Republican Yea
Ken Upchurch Republican Yea
Kevin Jackson Republican Yea
Kim Banta Republican Yea
Kim Holloway Republican Not Voting
Kim King Republican Yea
Kimberly Poore Moser Republican Yea
Marianne Proctor Republican Yea
Mark Hart Republican Yea
Mary Beth Imes Republican Yea
Matt Lockett Republican Yea
Matthew Koch Republican Yea
Michael J. Nemes Republican Yea
Michael Sarge Pollock Republican Yea
Mike Clines Republican Yea
Mike Wilson Republican Yea
Mitch Whitaker Republican Yea
Myron Dossett Republican Yea
Nancy Tate Republican Yea
Patrick Flannery Republican Yea
Peyton Griffee Republican Yea
Randy Bridges Republican Yea
Rebecca Raymer Republican Yea
Richard White Republican Yea
Robert Duvall Republican Yea
Ryan Bivens Republican Yea
Ryan Dotson Republican Yea
Samara Heavrin Republican Yea
Savannah Maddox Republican Yea
Scott Sharp Republican Yea
Shane Baker Republican Yea
Shawn McPherson Republican Yea
Stephanie Dietz Republican Yea
Stephen Meredith Republican Yea
Steve Riley Republican Yea
Steven Doan Republican Yea
Steven Rudy Republican Yea
Susan Witten Republican Yea
Suzanne Miles Republican Yea
T.J. Roberts Republican Yea
Timmy Truett Republican Yea
Tony Hampton Republican Yea
Vanessa Grossl Republican Yea
William Lawrence Republican Not Voting

Official roll call →

PASS SB 104

Passed 36 Yea · 0 Nay · 2 Other
Party YeaNayPresentNot Voting
Democrat 4000
Republican 30002
Unaffiliated 2000
Total 36002
% of votes cast 95%0%0%5%
How each member voted (38)
Member Party Vote
ChambersArmstrong — Yea
Yates — Yea
Gerald A. Neal Democrat Yea
Karen Berg Democrat Yea
Keturah J. Herron Democrat Yea
Reginald L. Thomas Democrat Yea
Aaron Reed Republican Yea
Amanda Mays Bledsoe Republican Yea
Brandon J. Storm Republican Yea
Brandon Smith Republican Yea
Christian McDaniel Republican Yea
Craig Richardson Republican Yea
Danny Carroll Republican Yea
David P. Givens Republican Yea
Donald Douglas Republican Yea
Gary Boswell Republican Yea
Gex Williams Republican Yea
Greg Elkins Republican Yea
Jared Carpenter Republican Yea
Jason Howell Republican Yea
Jimmy Higdon Republican Yea
Julie Raque Adams Republican Not Voting
Lindsey Tichenor Republican Yea
Matt Nunn Republican Yea
Matthew Deneen Republican Yea
Max Wise Republican Yea
Michael J. Nemes Republican Yea
Mike Wilson Republican Yea
Phillip Wheeler Republican Yea
Rick Girdler Republican Yea
Robby Mills Republican Yea
Robert Stivers Republican Yea
Robin L. Webb Republican Yea
Scott Madon Republican Yea
Shelley Funke Frommeyer Republican Yea
Stephen Meredith Republican Yea
Stephen West Republican Not Voting
Steve Rawlings Republican Yea

Official roll call →

Subjects

Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 104 do?
Amend KRS 18A.230 to define "self-directed brokerage account" (SDBA); amend KRS 18A.235 to authorize the board of trustees of the Kentucky Public Employees Deferred Compensation Authority (KY Deferred Comp) to purchase fiduciary liability insurance and reimburse its trustees, officers, and employees for legal expenses relating to performance of their duties; amend KRS 18A.245 to authorize KY Deferred Comp to offer SDBAs to its participants, contract with SDBA vendors, and promulgate administrative regulations relating to SDBAs for its participants, require the plans offered by KY Deferred Comp to conform to federal laws and regulations, authorize KY Deferred Comp to promulgate administrative regulations, and make technical changes; amend KRS 18A.255 to direct that KY Deferred Comp and its board of trustees are not liable for a participant's investment in a SDBA, establish the fiduciary duties of the board of trustees, and exempt the trustees from legal action for monetary damages unless the person bringing the action proves by clear and convincing evidence that a trustee's breach or failure to perform the trustee's fiduciary duty is a willful, wanton, or reckless act; amend KRS 18A.260 to require assets held by KY Deferred Comp to be invested consistent with its statutory authority and limit investments in a SDBA to securities registered with the United States Securities and Exchange Commission.
What is the current status of SB 104?
This bill has been enacted into law. Introduced February 05, 2025. Enacted.
Where can I track SB 104?
Track SB 104 free on One Click Politics — get push/email alerts when it moves.

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